Graphite Lubricant Market Report 2022 Prominent Key Players, Exploring Sales Volume Revenue and Forecast by 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Graphite Lubricant Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Graphite Lubricant Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Graphite Lubricant Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Graphite Lubricant Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022

Graphite is one of the most common forms of carbon. Graphite with or without other chemicals or materials used for lubrication is commonly termed as graphite lubricants, which come under dry lubricant or solid lubricant. Although being in the solid phase, dry lubricants or solid lubricants are materials that reduce friction between two surfaces sliding against each other without the need for any liquid medium. Due to its superior property, such as high temperature resistance and low coefficient of friction, it is widely being used in various end-user industries like transportation, industrial application, and electric & electronics.

Transportation is the largest end-user of graphite lubricant owing to its high lubrication property even at higher temperatures followed by industrial applications. The application of graphite lubricants is also increasing in electrical equipment due to the added advantage of conductivity. These lubricating solids can stay longer than unfortified oils, thus reducing the maintenance cost.

Globally, the demand for graphite lubricant is growing consistently, especially in the Asia Pacific and North America markets. This growth is supported by the increasing industrialization and electronic applications industries in these regions respectively. Currently, Asia Pacific is the global leader in the graphite lubricant market. China and India have an advantage of having the most number of manufacturing and consumption markets, thus providing maximum contribution to the global graphite lubricant market. North America is the second major consumer of global graphite lubricant owing to large automotive and industrial applications in the region. Europe and Middle East & African countries show high growth rate during the forecast period due to the increasing acceptance and industrialization in respective regions.

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According to Infoholic Research, the global graphite lubricant market is expected to grow at a CAGR of 4.2% during the forecast period to reach around $1.67 billion by 2022. The transportation segment is expected to be dominant in the application segment, which is driven by China and India. In geographic terms, Asia Pacific is expected to retain its top position in the global graphite lubricant market followed by North America. Some of the key players in the graphite lubricants market are Imerys, Dow Corning, Superior Graphite, Henkal, etc.

Report Scope:
Applications
o Solution
o Pure powder
o Composites

End-user
o Transportation
o Industrial Application
o Electrical & Electronics
o Others

Regions
o Asia Pacific
o North America
o Europe
o Rest of the World

Industry outlook: Market trends, drivers, restraints, and opportunities.

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